Capital Group Fixed Income Etf ETF Forecast
Capital Group Fixed Income Etf ETF downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Capital Group Fixed Income Etf ETF price fell by -0.501% on the last day (Friday, 28th Jun 2024) from $25.95 to $25.82. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.89% from a day low at $25.82 to a day high of $26.05. The price has fallen in 5 of the last 10 days and is down by -0.98% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -962 thousand shares and in total, 172 thousand shares were bought and sold for approximately $4.44 million.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.04% during the next 3 months and, with a 90% probability hold a price between $26.10 and $26.73 at the end of this 3-month period.
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CGCB Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Capital Group Fixed Income Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $26.01 and $25.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -1.15%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Monday, June 03, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, June 03, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Capital Group Fixed Income Etf ETF
Capital Group Fixed Income Etf finds support from accumulated volume at $25.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.230 between high and low, or 0.89%. For the last week the ETF has had daily average volatility of 0.468%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CGCB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Capital Group Fixed Income Etf to open at $25.90, and during the day (based on 14 day Average True Range), to move between $25.70 and $25.94, which gives a possible trading interval of +/-$0.124 (+/-0.48%) up or down from last closing price. If Capital Group Fixed Income Etf takes out the full calculated possible swing range there will be an estimated 0.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.80 (0.08%) than the resistance at $25.86 (0.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Capital Group Fixed Income Etf ETF A Buy?
The Capital Group Fixed Income Etf ETF holds several negative signals and despite the positive trend, we believe Capital Group Fixed Income Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.572 Sell Candidate Downgraded
Predicted Opening Price for Capital Group Fixed Income Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$25.90 ( 0.297%) | $25.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGCB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.13 | 1.19% |
R2 | 26.04 | 0.85% |
R1 | 25.98 | 0.637% |
Price | 25.82 | |
S1 | 25.81 | -0.0434% |
S2 | 25.75 | -0.254% |
S3 | 25.67 | -0.594% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.95 | 0.503% |
R2 | 25.95 | 0.497% |
R1 | 25.86 | 0.155% |
Price | 25.82 | |
S1 | 25.80 | -0.0775% |
S2 | 25.74 | -0.310% |
S3 | 25.66 | -0.620% |
FAQ
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